2018 South Dakota Pasture Cash Rental Rates Are Now Available
Column by Shannon Sand, SDSU Extension Livestock Business Management Field Specialist and Jack Davis, SDSU Extension Crops Business Management Field Specialist
Results from the South Dakota Agriculture Land Market Trends have been published. They show average cash rental rates for pasture land to vary from $16 per-acre in the Southwest region of South Dakota to $75 per-acre in the East-central region of the state (Figure 1).
The survey goes on to show typical cash rental rates for low- and high-production pasture and rangeland to vary from $16.03 to $20 per-acre in South Dakota’s Southwest region, and from $49 to $98 per-acre in the state’s East-central region.
Looking at the county cluster level, cash rental rate averages for pasture vary from $61 per-acre in Bon Homme, Hutchinson and Yankton Counties to $80 per-acre in Minnehaha and Moody Counties.
In Northeast, North-central and Central regions, county cluster levels average from $31 per-acre in Campbell, Potter and Walworth Counties to $69 per-acre in Grant and Roberts Counties.
The complete report can be found at iGrow.org, search South Dakota Agriculture Land Market Trends.
If you have questions regarding this report, please contact one of the following SDSU Extension staff: Jack Davis, SDSU Extension Crops Business Management Field Specialist at Jack.Davis@sdstate.edu; Heather Gessner, SDSU Extension Livestock Business Management Field Specialist at Heather.Gessner@sdstate.edu or Shannon Sand, SDSU Extension Livestock Business Management Field Specialist.
Note: This report contains an overview land values and cash rental rates for regions/ county clusters and is not specific to any property. Readers should use this report as a general reference and rely on local sources for specific details.
Source: 2018 South Dakota Farm Real Estate Market Survey, South Dakota State University